Flputnam Investment Management Co. Invests $920,000 in Genuine Parts Company $GPC

Flputnam Investment Management Co. purchased a new stake in Genuine Parts Company (NYSE:GPC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,800 shares of the specialty retailer’s stock, valued at approximately $920,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strive Financial Group LLC purchased a new position in Genuine Parts during the fourth quarter worth $25,000. WPG Advisers LLC increased its stake in shares of Genuine Parts by 213.0% during the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 164 shares during the last quarter. Motiv8 Investments LLC acquired a new position in Genuine Parts during the fourth quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Genuine Parts by 6,225.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock worth $35,000 after buying an additional 249 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in Genuine Parts during the fourth quarter worth about $33,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on GPC. Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Evercore restated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. DA Davidson boosted their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Stock Down 1.6%

Shares of Genuine Parts stock opened at $132.88 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The firm has a market capitalization of $18.32 billion, a PE ratio of 531.52 and a beta of 0.62. The stock’s fifty day moving average is $121.46 and its 200-day moving average is $115.33.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. The business had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.Genuine Parts’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts anticipate that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.2%. Genuine Parts’s dividend payout ratio is currently 1,700.00%.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.